Sustainable and Inclusive Energy Program (Subprogram 1) (ADB-49043-001)

Regions
  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Countries
  • Indonesia
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Closed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 30, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Indonesia, Coordinating Ministry for Economic Affairs
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 400.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 400.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 900.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Sep 24, 2019

Disclosed by Bank Jul 3, 2015


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to ADB website, the ADB is working with Indonesia to help stimulate Indonesia’s energy sector by support the government’s reform agenda. The project is supporting the government’s efforts to lower subsidies, adopt cost-recovery-based tariffs and boost the performance of state-owned energy companies.

The program is closely aligned with the government's National Medium-Term Development Plan (RPJMN), 2015 2019, the goals of which include (i) expanding electricity access to all Indonesians and increasing per capita consumption from 843 kilowatt-hours to 1,200 kilowatt-hours per year as key goals; (ii) bolstering domestic energy security through expanded production of gas, improved security for downstream oil and oil products, and increased utilization of renewable energy; and (iii) scaling up energy efficiency. The program is also designed to support PLN via the company's Electricity Power Supply Business Plan, 2015 2024. Realizing these goals will require a sustained and multi-year effort. SIEP will be ADB's first policy-based operation in Indonesia that is fully focused on the energy sector. The program takes a chronological approach over the 5-year RPJMN period with three subprograms.

Investment Description
  • Asian Development Bank (ADB)

Breakdown of Loan sources:

Loan 3303-INO: Sustainable and Inclusive Energy Program (Subprogram 1)
Ordinary capital resources - US$ 400.00 million

Loan 8293-INO: Sustainable and Inclusive Energy Program (Subprogram 1)
ASEAN Infrastructure Fund - US$ 100.00 million

Loan: Sustainable and Inclusive Energy Program (Subprogram 1)
World Bank - US$ 500.00 million

KfW Bankengruppe - US$ 200.00 million

Agence Francaise de Developpement - US$ 150.00 million

Contact Information

Project Officer: Tharakan, Pradeep J.
Southeast Asia Department, ADB
No contact information provided at the time of disclosure.

Executing Agency: Coordinating Ministry for Economic Affairs
Email Address: WIDJANARDO@KIMPRASWIL.GO.ID
2nd Floor, Jl Lapangan, Banteng Timur 2-4
Jakarta Pusat 10710

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main